Looking offshore: from Dubai
Dubai ‘finds new offshore field’
A new offshore oilfield has been discovered in the emirate of Dubai, the office of the Gulf Arab emirate's ruler said today.
"Mohammed bin Rashid brings the good news to the people of the Emirates and announces the discovery of a new marine oilfield in Dubai," a statement issued from the Dubai media office said, according to Reuters.
No details were given about the size or production capability of the new field in the statement.
Al Bayan newspaper reported industry sources as saying that the field was "promising".
The United Arab Emirates is a seven-member federation including the Gulf trade and tourism hub of Dubai. Over 90% of the UAE's oil is located in the emirate of Abu Dhabi, which is the UAE’s capital.